BUY OPPORTUNITY
Instrument: XAU/USD
Entry Price: 2591.01 $
Stop Loss (SL): 2580.45 $
Take Profit (TP): 2632.80 $
Risk-to-Reward Ratio: 1:4
Federal Funds Rate: The previous volatility caused by the Federal Reserve's rate decision may have resulted in a market reaction that could continue today. Price moves could be sensitive to news and market sentiment, especially given the current high volatility.
Unemployment Claims: The Unemployment Claims news today could also cause short-term fluctuations in XAU/USD. If the news is unexpected or deviates from predictions, it could trigger price movements. Monitoring the news release is crucial.
Supply Zone at 2633: The heavy supply zone near 2633 means the market is likely to face resistance around this price. You expect the price to reach just below the supply zone at 2632.80 before potentially reversing or facing resistance. This gives you a limited but realistic TP near this zone.
Entry Price: 2591.01 $
Stop Loss (SL): 2580.45 $
Take Profit (TP): 2632.80 $
Risk-to-Reward Ratio: 1:4
Federal Funds Rate: The previous volatility caused by the Federal Reserve's rate decision may have resulted in a market reaction that could continue today. Price moves could be sensitive to news and market sentiment, especially given the current high volatility.
Unemployment Claims: The Unemployment Claims news today could also cause short-term fluctuations in XAU/USD. If the news is unexpected or deviates from predictions, it could trigger price movements. Monitoring the news release is crucial.
Supply Zone at 2633: The heavy supply zone near 2633 means the market is likely to face resistance around this price. You expect the price to reach just below the supply zone at 2632.80 before potentially reversing or facing resistance. This gives you a limited but realistic TP near this zone.
GODO Capital Markets
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